November 16, 2020
Elephantech Inc. (head office: Chuo-ku, Tokyo, CEO: Shinya Shimizu, hereinafter “Elephantech”) manufactures P-Flex®, a Flex PCB that can be produced with inkjet printing to significantly reduce environmental burden under our mission of “Making the world sustainable with new manufacturing technologies”. Elephantech is pleased to announce that, as of October 2020, the company is welcoming a member of staff from Sumitomo Corporation ("SC") on a loan transfer scheme.
Mr. Kunihiko Mizuno of Sumitomo Corporation (left) with Elephantech CEO Shinya Shimizu (right)
Having succeeded in mass-producing with the electronic circuit manufacturing method based on inkjet printing technologies, in Q1 2021 we will start operations of a large mass-production and research complex for P-Flex®, the Flex PCB manufactured with the same manufacturing method. As the company enters an expansion phase for its business, Mr. Kunihiko Mizuno, on loan transfer from Sumitomo Corporation, will serve to support Elephantech CEO Shinya Shimizu in everything from strategy to execution. The loan transfer scheme is set to last two years and, upon return, Mr. Mizuno will be expected to use the expertise and experience gained from his time in a fast-paced, start-up environment for the benefit of Sumitomo Corporation.
This transfer is based on the “Rental Transfer” framework developed by Loan Deal Co., Ltd. which operates the “LoanDEAL” inter-company loan transfer platform.
To accomplish its mission of "Making the world sustainable with new manufacturing technologies", Elephantech will continue to expand its low environmental impact manufacturing technology by actively seeking investments and new alliances.
|Shinya Shimizu, CEO
|4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan
|JPY 310 million
|Development of printed electronics manufacturing technology and provision of related services